New Stack

Investment decisions are led by CEO and founder Asiff Hirji alongside co-founder Joe Lonsdale. Both hold significant operating experience across the 8VC technology ecosystem and Palantir Technologies. The firm does not operate with a large investment committee or external advisory board typical of multi-family offices. Deal evaluation draws on Hirji and Lonsdale's direct technical and commercial operating backgrounds.

New Stack sources primarily through the principals' entrepreneurial and venture networks, which include the 8VC fund complex and alumni of Palantir Technologies. Lonsdale's concurrent role as a general partner at 8VC creates a direct pipeline to companies emerging from that venture ecosystem. The firm does not publicly market for deal submissions or rely on traditional placement agent channels.

New Stack operates as a hybrid — legally a family office vehicle but functionally similar to a concentrated venture capital firm. It deploys capital from operating-wealth distributions rather than managing third-party limited partner commitments. Unlike most family offices that anchor in a single industrial fortune, New Stack draws investment capital from multiple affiliated technology operating entities.

New Stack concentrates on early-stage enterprise technology companies, typically Seed through Series B rounds. The firm favors infrastructure-oriented business models with complex technical moats rather than consumer-facing applications. Check sizes and equity positions are not publicly disclosed, consistent with a private family office posture.

Joe Lonsdale co-founded both 8VC and New Stack, and the two entities share sourcing channels and investment thesis alignment around enterprise infrastructure. 8VC operates as a traditional venture capital firm with external limited partners, while New Stack functions as Lonsdale's and affiliated operators' private investment platform. They have co-invested in multiple shared portfolio companies including Addepar.